SWX:ZHT Income Statement

Financials in millions CNY. Fiscal year is January - December.

Millions CNY. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Operating Revenue	3,007	2,957	3,891	3,417	2,456	1,470
Other Revenue	24.63	24.63	40.71	37.11	27.43	22.76
Revenue	3,031	2,981	3,932	3,454	2,483	1,493
Revenue Growth (YoY)	-7.98%	-24.18%	13.83%	39.09%	66.34%	13.70%
Cost of Revenue	2,149	2,082	2,520	2,353	1,849	808.88
Gross Profit	882.65	898.75	1,412	1,101	634.11	683.99
Selling, General & Admin	261.77	262.76	256.01	398	249.5	186.43
Research & Development	280.7	257.15	243.56	207.3	131.27	103.57
Other Operating Expenses	-27.23	-8.81	-59.17	-32.79	-21.69	-0.84
Operating Expenses	618.28	648.19	676.05	656.52	360.09	329.34
Operating Income	264.37	250.56	735.87	444.82	274.02	354.65
Interest Expense	-1.29	-1.11	-0.58	-0.67	-0.24	-
Interest & Investment Income	99.03	99.51	92.48	23.71	23.74	34.78
Currency Exchange Gain (Loss)	-11.48	-11.48	70.43	65.73	-56.73	-16.02
Other Non Operating Income (Expenses)	80.95	-4.69	-5.82	-0.57	-2.53	-1.39
EBT Excluding Unusual Items	431.57	332.78	892.39	533.02	238.25	372.02
Gain (Loss) on Sale of Investments	2.37	-1.42	-7.58	0.6	-	-
Gain (Loss) on Sale of Assets	-0.87	0.02	0.67	-0.34	-0.79	-0.28
Asset Writedown	-90.14	-	-	-	-	-
Other Unusual Items	10.46	6.09	25.5	10.67	19.52	53.52
Pretax Income	353.4	337.48	910.98	543.95	256.99	425.26
Income Tax Expense	17.34	11.14	101.89	53.35	21.87	53.32
Earnings From Continuing Operations	336.06	326.34	809.09	490.59	235.12	371.94
Net Income	336.06	326.34	809.09	490.59	235.12	371.94
Net Income to Common	336.06	326.34	809.09	490.59	235.12	371.94
Net Income Growth	-28.68%	-59.67%	64.92%	108.66%	-36.79%	27.73%
Shares Outstanding (Basic)	602	604	599	564	568	560
Shares Outstanding (Diluted)	602	604	599	564	568	566
Shares Change (YoY)	-0.44%	0.83%	6.28%	-0.64%	0.26%	6.91%
EPS (Basic)	0.56	0.54	1.35	0.87	0.41	0.66
EPS (Diluted)	0.56	0.54	1.35	0.87	0.41	0.66
EPS Growth	-28.37%	-60.00%	55.17%	109.99%	-36.95%	19.47%
Free Cash Flow	275.76	63.29	-197.35	278.41	164.55	129.12
Free Cash Flow Per Share	0.46	0.10	-0.33	0.49	0.29	0.23
Dividend Per Share	0.124	0.226	0.420	0.250	0.164	0.200
Dividend Growth	-75.59%	-46.19%	68.00%	52.16%	-17.85%	27.31%
Gross Margin	29.12%	30.15%	35.91%	31.89%	25.54%	45.82%
Operating Margin	8.72%	8.40%	18.72%	12.88%	11.03%	23.76%
Profit Margin	11.09%	10.95%	20.58%	14.20%	9.47%	24.91%
Free Cash Flow Margin	9.10%	2.12%	-5.02%	8.06%	6.63%	8.65%
EBITDA	385.71	362.07	834.29	513.78	315.01	388.12
EBITDA Margin	12.72%	12.14%	21.22%	14.87%	12.68%	26.00%
D&A For EBITDA	121.34	111.52	98.42	68.96	40.99	33.47
EBIT	264.37	250.56	735.87	444.82	274.02	354.65
EBIT Margin	8.72%	8.40%	18.72%	12.88%	11.03%	23.76%
Effective Tax Rate	4.91%	3.30%	11.19%	9.81%	8.51%	12.54%
Revenue as Reported	3,031	2,981	3,932	3,454	2,483	1,493
Advertising Expenses	-	0.44	0.83	0.56	0.53	0.54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.